Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 96 - Default
Section 9602 - Waiver and variance of rights and duties

§ 9602. Waiver and variance of rights and duties. Except as otherwise provided in section 9624 (relating to waiver), to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in:
(1) section 9207(b)(4)(iii) (relating to expenses, risks, duties and rights when secured party in possession);
(2) section 9210 (relating to request for accounting; request regarding list of collateral or statement of account);
(3) section 9607(c) (relating to commercially reasonable collection and enforcement);
(4) sections 9608(a) (relating to application of proceeds, surplus and deficiency if obligation secured) and 9615(c) (relating to application of noncash proceeds) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement or disposition;
(5) sections 9608(a) and 9615(d) (relating to surplus or deficiency if obligation secured) to the extent that they require accounting for or payment of surplus proceeds of collateral;
(6) section 9609 (relating to secured party's right to take possession after default) to the extent that it imposes upon a secured party that takes possession of collateral without judicial process the duty to do so without breach of the peace;
(7) sections 9610(b) (relating to commercially reasonable disposition), 9611 (relating to notification before disposition of collateral), 9613 (relating to contents and form of notification before disposition of collateral: general) and 9614 (relating to contents and form of notification before disposition of collateral: consumer-goods transaction);
(8) section 9615(f) (relating to calculation of surplus or deficiency in disposition to person related to secured party);
(9) section 9616 (relating to explanation of calculation of surplus or deficiency);
(10) sections 9620 (relating to acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral), 9621 (relating to notification of proposal to accept collateral) and 9622 (relating to effect of acceptance of collateral);
(11) section 9623 (relating to right to redeem collateral);
(12) section 9624 (relating to waiver); and
(13) sections 9625 (relating to remedies for secured party's failure to comply with division) and 9626 (relating to action in which deficiency or surplus is in issue).
Cross References. Section 9602 is referred to in sections 9601, 9603 of this title.

Structure Pennsylvania Consolidated & Unconsolidated Statutes

Pennsylvania Consolidated & Unconsolidated Statutes

Title 13 - COMMERCIAL CODE

Chapter 96 - Default

Extra - Chapter Notes

Section 9601 - Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes

Section 9602 - Waiver and variance of rights and duties

Section 9603 - Agreement on standards concerning rights and duties

Section 9604 - Procedure if security agreement covers real property or fixtures

Section 9605 - Unknown debtor or secondary obligor

Section 9606 - Time of default for agricultural lien

Section 9607 - Collection and enforcement by secured party

Section 9608 - Application of proceeds of collection or enforcement; liability for deficiency and right to surplus

Section 9609 - Secured party's right to take possession after default

Section 9610 - Disposition of collateral after default

Section 9611 - Notification before disposition of collateral

Section 9612 - Timeliness of notification before disposition of collateral

Section 9613 - Contents and form of notification before disposition of collateral: general

Section 9614 - Contents and form of notification before disposition of collateral: consumer-goods transaction

Section 9615 - Application of proceeds of disposition; liability for deficiency and right to surplus

Section 9616 - Explanation of calculation of surplus or deficiency

Section 9617 - Rights of transferee of collateral

Section 9618 - Rights and duties of certain secondary obligors

Section 9619 - Transfer of record or legal title

Section 9620 - Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral

Section 9621 - Notification of proposal to accept collateral

Section 9622 - Effect of acceptance of collateral

Section 9623 - Right to redeem collateral

Section 9624 - Waiver

Section 9625 - Remedies for secured party's failure to comply with division

Section 9626 - Action in which deficiency or surplus is in issue

Section 9627 - Determination of whether conduct was commercially reasonable

Section 9628 - Nonliability and limitation on liability of secured party; liability of secondary obligor